A business paid $100 cash to Charles Nice (the sole stockholder) for his personal use. Set up the necessary T-accounts below and show how this transaction would be recorded directly in those accounts. 
Definitions:
Financial Assets
Financial assets are intangible assets representing ownership of value, such as stocks, bonds, or bank deposits.
Compensating Differential
A difference in wage rates designed to offset the desirability or undesirability of a job, based on its non-monetary characteristics.
Loading Dock
A platform or area at a warehouse, building, or facility where goods are loaded onto or from vehicles or shipping containers.
Air-Conditioned Office
An air-conditioned office refers to a workplace environment where the temperature and humidity are controlled using air conditioning systems to ensure comfort.
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